SEC Awards More Than $3.6 Million and $750,000 in Separate Whistleblower Awards

SEC

The Securities and Exchange Commission today announced two separate whistleblower awards for total payments of over $4.3 million.

In the first order, the Commission awarded a whistleblower over $3.6 million for providing important information that alerted the Commission to misconduct occurring abroad. The whistleblower provided substantial and ongoing assistance to enforcement staff, which included traveling to another country at the whistleblower’s own expense to meet with staff in person and providing extensive supporting documentation.

In the second order, the Commission awarded $750,000 to a whistleblower who provided significant information that led the Commission to uncover an ongoing fraud. The plane and train maker is the latest aerospace group to face scrutiny over the use of middlemen after authorities struck a record bribery settlement with Europe's Airbus in January and a 2017 plea deal with British engine maker Rolls-Royce read more »

Canada's Bombardier faces UK bribery probe; shares fall

REUTERS

The UK Serious Fraud Office announced on Thursday it was investigating Canadian industrial group Bombardier over suspected bribery in airplane sales to Garuda Indonesia GIAA.JK, widening a global anti-corruption drive in aerospace.

The plane and train maker is the latest aerospace group to face scrutiny over the use of middlemen after authorities struck a record bribery settlement with Europe's Airbus in January and a 2017 plea deal with British engine maker Rolls-Royce. read more »